Latvia

Kazaks re-elected to central bank presidency

February 7, 2025

Latvia’s Parliament, the Saeima, voted today to re-elect Martins Kazaks as president of the Bank of Latvia. Opposition votes were needed to ensure his re-election. Kazaks received 67 votes against [..]

Estonia

Estonian cbank: Slowing inflation helping boost people’s purchasing power

July 8, 2024

Commenting on the latest consumer price statistics, Bank of Estonia economist Rasmus Kattai noted that slowing inflation and wage growth are helping to increase people’s purchasing power. “In June, Estonia’s [..]

Estonia

Bank of Estonia governor Madis Muller – the central bank should not be involved in shaping climate policy

April 30, 2024

Bank of Estonia governor Madis Muller and Prime Minister Kaja Kallas responded to MPs’ interpellations concerning the connection between European banking and climate policy in the Riigikogu on Monday. Muller [..]

Estonia

Estonian ministry: Annual inflation is on a downward trend

April 8, 2024

Kristjan Pungas, analyst at the fiscal policy department of the Estonian Ministry of Finance, said in his commentary on latest inflation data on Friday that a slowdown in inflation continued [..]

Estonia

Estonian cbank issuing silver coin for 150th anniversary of birth of Konstantin Pats

February 7, 2024

On Feb. 23, the Bank of Estonia will release a silver collector coin to mark the 150th anniversary of the birth of Konstantin Pats, one of the founders of the [..]

Latvia

EUR 871,000 worth of Latvian lats banknotes and coins exchanged for euros in 2023

January 3, 2024

Last year LVL 611,900 (EUR 871,000) Latvian banknotes and coins were exchanged for euros at the Bank of Latvia, LETA was told at the central bank. The money exchanged in [..]

Latvia

Bank of Latvia leaves inflation forecast for this year at 9%

December 15, 2023

The Bank of Latvia has left its inflation forecast for 2023 at 9 percent, LETA was told at the central bank. In the following years, Latvian inflation is expected to [..]

Europe

Eurosystem proceeds to next phase of digital euro project

October 19, 2023

Governing Council to start digital euro preparation phase following conclusion of two-year investigation phase on design and distribution of a digital euro Preparation phase will lay foundations for a potential [..]

Latvia

Bank of Latvia raises inflation forecast for 2023 to 9%

September 29, 2023

The Bank of Latvia’s inflation forecast for 2023 has been revised to 9 percent, up from 8.5 percent in the June forecast, as the central bank’s representatives told reporters on [..]